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. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
to traderse it'0 different companies. it gives us a better sense of what is happening with the economy. this index has yet to reach a record high. that is one of the reasons that people of skeptical about this rally. when we start to see this specific index reaching to new territory, that is when we think we'll get a little more conviction about where we're going next. >> this mostly touches people fortunate to have retirement funds, but this next point touches everybody. word pretty much on everything we buy is on the rise? >> biggest increase we have seen in consumer prices in three to four years. so many americans are dealing with smaller paychecks because of the payroll tax cut and with what you have left you are shelling out more money to buy the things you need every day. specifically gasoline prices on the rise, consumer places up .07% in the month of february driven by a 9% rise in gasoline prices. this pretty much explains a big reason why everyday americans aren't participating in this market rally when you are not able to have extra money in your pocket because you are spend
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they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate democrats up for re-election 2014 will feel about voting on another 1 trillion-dollar tax increase. shep? >> shepard: we heard today from com ryan. he is contrasting the house g.o.p. budget with the senate plan. >> that's right. congressman paul ryan notes that his own plan would increase government spending each year but just not at the rate that we are doing currently. ryan also is particularly irritated with one aspect of the senate democrats' plan.>> we may not agree on how to balance the budget. but we ought to be able to agree on 00 need to balance the budget. a balanc
Search Results 0 to 4 of about 5

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